Impact of gender and age on importance of non- monetary benefits in automobile industry

An emperical study

Abstract

Motivated and gratified employees are always a treasured asset for any company. Employees in any company certainly work for money but also look for more for meaning in their lives. This paper highlighted the importance of non-monetary benefits among employee’s for satisfaction of job that influence directly the success of any company. Benefits of non monetary rewards are scrutinized to understand its significance for employee’s satisfaction & performance such as appreciation and recognition from the company, give suggestions in decision making, working hours etc. Non monetary rewards are a tool to enlighten the morale of employees and increase satisfaction level of employees. Now a day, in human resource management job satisfaction of employees has remarkable importance. Therefore, a company must design financial as well as non monetary packages for employees & figure out the desires & needs of their employees & sanction these rewards to lead to employee’s satisfaction level. Sample of 251 employees from automobile industry were surveyed to know the importance of non- monetary benefits in automobile industry. It is found that there is a significant impact of gender and age on non- monetary benefits in automobile industry.